Successful Realtor Practices

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by emile , in category: Successful Realtor Practices , 4 years ago
6 answers last reply 6 months ago from terrance

Have you ever worked with other agents online? I know some agents are doing this in their surrounding areas to help boost the number of homes they can possibly sell though it seems like most agents would rather work alone and control the market for themselves.


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by emile , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from pink

Does anyone know the common IRS restrictions within the US when it comes to selling properties as an agent? I can’t seem to find a clear list of restrictions anywhere online. Maybe I am looking in the wrong place?


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by arlie , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from shanna_schroeder

In terms of referrals and getting the word out, do you think things will change here in 2020 with everyone focused on social distancing?


I didn't heavily rely on this up until 2019 and now I feel like everything changing will alter how well this works for real estate sales.

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by emile , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from elliot

If you do, what are the main things for any given workday on your list to complete by the end of the day? I am trying to get myself more organized and able to make moves in the market.


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by jakob , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from elliot

A lot of times, you will find areas that are run down and filled with drugs, crime, and low-quality living around city areas. Occasionally, these places will begin to gain investments that not only bring the area's value up, but the prices of rent, homes, and the like raise. Buying a home in one of these areas early on can be a huge profit for you in the future if you catch them at the right time. I have gotten a few homes in these types of areas for under $35,000 and they were considered livable. I did a bit of renovating and updating and within 2 years, they were on the market and sold for over $150,000.

by alexander , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from elliot

I know it can be easy to get wrapped up in the stories of the home sellers but when it comes to things like haunted houses or spiritual mishaps, don't speak of it to potential buyers. It is advised by both agents and home owners to avoid the conversations of such things regardless how they feel about it. You are not obligated to say yes or no.

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by emile , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from brant

I am looking for some good websites to keep on tab for checking news, sources, and all things current in the real estate world. I want to avoid getting false information on social media sites and have a list of real sources.


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by arlie , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from brant

When it comes to selling homes, you have to expect people are going to want to low-ball you for some properties. I have found myself saying no to offers quite a number of times. I ask a bit above what I am willing to take expecting people to want to put an offer in at less than what I am asking but I have had people try to get as much as 70 grand off of what I was asking before and that is WAY too much. So I find myself saying "no" a lot.

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by arlie , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from brant

Most real estate agents, businesses, and general flippers focus on one niche market and expand there to become an expert in that market. When you think about it, it makes sense why this leads to success. You want to know all the details in your field and general area to know what is coming up. Some areas are being renovated, new businesses are opening, maybe a new school. All of this will change market values and knowing how to follow these trends will help.



by alexander , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from brant

I recently had a couple come into an open house even I had. This was back in March. Anyways, they were acting odd and their kids were not behaving well. One ended up knocking over a glass vase when I was in the other room so I went in the kitchen area to see what had happened and the "mother" was scolding her child while the other one and the "father" disappeared. The whole ordeal went on for 10 minutes and everyone was distracted by it. Finally the couple left with both kids and it was not until later that evening that I realized several items that belonged to the home owners (sellers) were missing. I reported it to the police.


Criminals can come in many forms but these criminals happened to use their children as a distraction. I advise a no-kids policy now on open houses and only allow 8 guests in the home at a time.

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by lilla , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from brant

I would imagine this is dependent on which state (or country) you live in. I am just curious in terms of the US, could I sell property for myself or for others without obtaining a "license to sell" within my home state?

P

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by Patrick85 , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from brant

One of my favorite sales was an old school that was closed down. I was selling it as a warehouse, but the people who purchased it actually we're part of the community and wanted to revive the old school there. It's still up and running to this day.


I'm glad they were able to bring it back, because it is a beautiful building and I hated seeing it go to waste.

I read that the most successful real estate agents do but I never have. I do a mix of using my phone, tablet, and desktop. If I did everything from my phone, I would need an entirely separate smartphone to manage everything and I don't want to carry two phones around.

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by lilla , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from berniece_brekke

Some say that maintaining connections with past clients is a good idea. I just don't understand how you would go about doing this or even why. Once a house is sold, it seems logical to just move on. The odds of your client wanting to buy another home in the next couple of years are slim to none. Most home buyers stay in their home 15 to 30 years before buying again.

by EstateBeast , in category: Successful Realtor Practices , 4 years ago
5 answers last reply 4 years ago from berniece_brekke

A few years back I sold 3 small houses in the same street. They were all for sale at different times. When I saw them so close by, I had to buy them up.


Anyway, few years after that, I sold them off for a good profit. It's weird how it went down, but I'm glad I was able to do it. :)